Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: MrSpasybo on February 28, 2021, 12:42:09 AM
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I'm a failed ICO investor, and also an unlucky bounty hunter, so I'm looking to make a profit on the exchanges. The people who make money on crypto exchanges are not only traders, but also many other positions as money transfer service providers, exchanger money between countries or community supporters.
Right now I'm learning about the exchanges that people love, so I want to know what kind of exchanges you love and often use:
1. CEX: I am interested in Binance which has low transaction fee of 0.075% -0.1%, has a large community, has BNB token & BinanceSmartChain ecosystem;
2. DEX: UniSwap is quite famous but higher transaction fee, about 0.3% + gas of Ethereum blockchain. JustSwap on TRON & PancakeSwap on BSC seems to be the better options. DEX does not require the user's KYC;
3. P2P: I often use Binance's P2P to transfer money because it is very convenient to convert stable coin - fiat.
What kind of crypto exchanges do you think will lead the trend in 2021?
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Basically, you go where the volume is. Binance is undoubtedly one of the most sought after centralized exchange. Then you have Pancakeswap which is like a poor man's Uniswap because they have good volume for retail traders but doesn't kill them on fees.
Kucoin has been creating noise recently but I seldom trade there. I will probably take their offers more seriously if they launch their Kuchain ecosystem.
Exchanges on Polygon seems to be gaining traction too.